logo
Previous Thread
Next Thread
Print Thread
Page 4 of 5 1 2 3 4 5
Joined: Oct 2003
Posts: 813
Parakeet
OP Offline
Parakeet
Joined: Oct 2003
Posts: 813
U.S.-Filipino War Games Protect Oil Interests

Beltran accused the two sides of "exaggerating the terrorist threat in the Philippines�to justify this latest affront to national sovereignty and patrimony"

Rexcel Sorza, IOL Correspondent

ILOILO CITY, Philippines, February 24 (IslamOnline.net) - The two-week "Exercise Balikatan2004 " war games between Filipino and American soldiers are only a cover up to protect the American oil interests in the Southeast Asian country, a political leader charged on Tuesday, February24 .

Anakpawis National Political Party chairman Crispin Beltran said the drills are "in truth more than military exercises but the U.S. government's efforts to protect oil resources it has plundered from the Philippines with the help of the puppet Arroyo regime."

"There are no more pretensions that U.S. military forces are coming into the country as part of a U.S.-Philippines pact against terrorism: the motives are now coldly economic, but the impact on the country and its sovereignty are severe," he told IslamOnline.net on Tuesday, February24 .

Beltran, a former member of the Philippine legislature, lambasted the Arroyo government for its "betrayal of Philippine economic and political sovereignty" by allowing the American military to conduct a new series of war games.

Some 2 , 652American soldiers and around2 , 000Filipino soldiers are participating in the war games that started on Monday, February23 .

The drills fall as part of the Visiting Forces Agreement inked between the two states in1999 .

Beltran believes that American soldiers are being deployed to Palawan, one of the venues of the exercises apart from Batanes and Nueva Ecija, to ensure the security of the Malampaya oil exploration project.

The 4 .5-billion-dollar investment, which is the single largest foreign investment in the Philippines, is operated by a consortium led by a unit of the Royal/Dutch shell group.

Shell Philippines Exploration BV and Chevron Texaco have a combined 90 -percent stake in the consortium while the state-run Philippine National Oil Company (PNOC) has a measly 10 percent.

"U.S. troops are being deployed in the country to protect and defend American investments and other economic interests; and this by itself is a violation of the country laws on independence and sovereignty," Beltran said. viking eek eek

Sponsored Post Advertisement
Joined: Apr 2002
Posts: 1
Newbie
Offline
Newbie
Joined: Apr 2002
Posts: 1
Al Qaeda is in Phillipines. Hmmm...

Joined: Oct 2003
Posts: 813
Parakeet
OP Offline
Parakeet
Joined: Oct 2003
Posts: 813
Row over minister's undue licence

Russia's former natural resources minister is in trouble over a bout of uncharacteristic generosity in his last few days in office.

Vitaly Artyukhov, who lost his job when President Vladimir Putin dismissed his cabinet last month, awarded at least 45 oil exploration licences in three days.

During his previous three years in office, Mr Artyukhov reportedly awarded just nine other licences.

Yury Trutnev, his successor, has vowed to rescind the licences.

"I have warned everyone that unjustified decisions will not be implemented and people who made them will not work with me in the future," Mr Trutnev told the Interfax news agency.

Murky business

Russia's Natural Resources Ministry insisted that the flurry of licences was completely above board.

Work on the licences had been under way for many months, a spokeswoman said, and the last-minute approvals were only the culmination of a lengthy process.

But the case has raised eyebrows in Russia, where the oil industry is seen as especially corrupt.

Energy, which accounts for one-quarter of Russian economic output, has been a boom business in the past couple of years.

Politicians and bureaucrats have a huge influence over the business, and foreign investors and other observers have often complained that decision-making is far too murky.

Change of tack

Mr Artyukhov, who has served as a transport minister and head of the notorious Tax Service, was not much liked by foreign oil firms.

He had a reputation for being stingy with exploration licences, preventing newcomers opening up fields for production.

He also took on major local firms such as Yukos, which he threatened with expropriation of exploration rights.

Mr Trutnev, who was previously governor of Perm, a major oil-producing region, has promised to introduce "clear and transparent business principles".

"I'm not saying that I will enter my office on Monday and start issuing licences right away," he said.
Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/3505882.stm

Joined: Oct 2003
Posts: 813
Parakeet
OP Offline
Parakeet
Joined: Oct 2003
Posts: 813
Lukoil wants fresh Iraq oil deal
Russia's number two oil producer, Lukoil, is trying to revive an Iraqi oil contract cancelled by the country's former leader, Saddam Hussein.

Lukoil president Vagit Alekperov is thought to have raised the issue in talks with Iraq's oil minister, Ibrahim Bah al-Ulyum, in Baghdad this week.

Lukoil won a contract to exploit the West Qurnah field, thought to hold 15 billion barrels oil, in the mid-1990s.

But the deal went sour in 2002 after a dispute with the Hussein regime.

The Iraqi oil ministry cancelled the contract after Lukoil refused to give in to pressure from Baghdad to start work on the field in breach of United Nations trade sanctions.

The loss of the contract, worth some $3.7bn at the time, came as a blow to Lukoil, and put Russia's relations with Saddam Hussein under strain.

Adam Landes, director of oil research at Moscow-based Renaissance Capital, said Lukoil was unlikely to get a new deal on the same terms as last time.

"The politics are now very different, and our insight into the Iraqi position is that they want to definitely shift away from the original terms," he told the BBC's World Business Report.

"I think the Iraqi administration is open to Lukoil being a participant, but I think Lukoil is going to have to adjust its horizons in terms of the economics that it can achieve from this property."

Mr Alekperov said on Thursday he had signed a cooperation agreement with Iraq under which Lukoil would "help restore the material and technological base of the Iraqi oil ministry."
Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/3503494.stm

Joined: Apr 2002
Posts: 6,577
Tiger
Offline
Tiger
Joined: Apr 2002
Posts: 6,577
Do they really want the access to Iraqi's oil now? When alrady Halkiburton and American sit in Iraq?

Quote:
Originally posted by skeeterj:
[qb] Lukoil wants fresh Iraq oil deal
Russia's number two oil producer, Lukoil, is trying to revive an Iraqi oil contract cancelled by the country's former leader, Saddam Hussein.

Lukoil president Vagit Alekperov is thought to have raised the issue in talks with Iraq's oil minister, Ibrahim Bah al-Ulyum, in Baghdad this week.

Lukoil won a contract to exploit the West Qurnah field, thought to hold 15 billion barrels oil, in the mid-1990s.

But the deal went sour in 2002 after a dispute with the Hussein regime.

The Iraqi oil ministry cancelled the contract after Lukoil refused to give in to pressure from Baghdad to start work on the field in breach of United Nations trade sanctions.

The loss of the contract, worth some $3.7bn at the time, came as a blow to Lukoil, and put Russia's relations with Saddam Hussein under strain.

Adam Landes, director of oil research at Moscow-based Renaissance Capital, said Lukoil was unlikely to get a new deal on the same terms as last time.

"The politics are now very different, and our insight into the Iraqi position is that they want to definitely shift away from the original terms," he told the BBC's World Business Report.

"I think the Iraqi administration is open to Lukoil being a participant, but I think Lukoil is going to have to adjust its horizons in terms of the economics that it can achieve from this property."

Mr Alekperov said on Thursday he had signed a cooperation agreement with Iraq under which Lukoil would "help restore the material and technological base of the Iraqi oil ministry."
Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/3503494.stm [/qb]

Joined: Oct 2003
Posts: 813
Parakeet
OP Offline
Parakeet
Joined: Oct 2003
Posts: 813
Sonoran Energy, Inc.: Baron Oil Acquistion Gives Sonoran Energy Access to Caspian Oil Fields

LOS ANGELES, Calif.--(BUSINESS WIRE)--May 17, 2004--Sonoran Energy, Inc. (OTC Bulletin Board: SNRN) President and CEO Peter Ostenfeld-Rosenthal announced today that the acquisition of Baron Oil will enable the Company to move into the oil and gas fields of Eastern Europe's Caspian region, specifically in Kazakhstan.

Baron Oil has signed a memorandum of understanding to enter into a production sharing agreement for a large oil field in Kazakhstan containing up to 120 million barrels of recoverable reserves of which an estimated 45 million barrels located in the shallow reservoirs (500 to 800 meters), an estimated 20 million barrels located in the middle reserves, and an estimated 40 million barrels located in the deep reservoirs (+5,000 meters). Baron Oil has conducted the first phase of its due diligence of the project, which will secure a 25% interest in the field to the Company.

Baron Oil believes that an upside potential exists in the reservoirs particularly in the deeper zones, where new seismic and Baron Oil's modern drilling and production technologies will be a factor in reducing the cost and significantly accelerating the production.

"Not only will the acquisition of Baron Oil strengthen our position in the Middle East but it opens the door to the tremendous potential that exists in the Caspian oil fields," said Peter Ostenfeld-Rosenthal President and CEO of Sonoran Energy, Inc. "Sonoran plans to utilize Baron Oil's advanced technology and expertise to make the development and enhancement of the projects in Kazakhstan a reality."

About Kazakhstan

Kazakhstan is the second largest oil producer among former Soviet republics after Russia, producing over 500,000 barrels per day (bbl/d) from over 70 fields. Kazakhstan, which borders Russia, China and the Caspian Sea, has been eager to tap its production potential. Kazakhstan has been identified as a high priority market for the oil and gas sector. This priority is a result of the high level of investment now and anticipated, for both the oil and gas sectors to increase oil production from existing fields, to develop new oil and gas fields and to increase the capacity of the country's refining and petrochemical sector to meet domestic requirements. Large reserves of both oil and gas ensure that this market represents a long-term business opportunity, which will progress as foreign investment is secured.

About Sonoran Energy

Sonoran Energy, Inc. is an independent oil and gas company with a presence in Iraq, Jordan, Norway and North America. The Company intends to build a portfolio of high producing oil and gas fields in the Middle East and the Caspian Region - with production potential in excess of 50,000 barrels of oil per day (BOEPD), and is pursuing material and high value global oil and gas upstream opportunities. Sonoran Energy is concurrently pursuing high value upstream opportunities in North America.

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.

tut viking tut

Joined: Oct 2003
Posts: 813
Parakeet
OP Offline
Parakeet
Joined: Oct 2003
Posts: 813
Protection for Oil Pipeline Raises US Profile in Colombia

New Policy Stirs Fears Bush Seeks to Widen War
by Karl Penhaul

BOGOTA, Colombia -- The Cano Limon oil pipeline, which snakes almost 500 miles across northern Colombia, was once the focus of dreams for national prosperity.

But after years of sabotage bombings by leftist guerrillas, the pipeline may serve instead as the trigger for wider U.S. involvement in Colombia's 36- year civil war, some critics warn.


Commander of the Revolutionary Armed Forces of Colombia (FARC) Simon Trinidad reads a declaration during a news conference in Los Pozos, Colombia, in this Jan. 13, 2002 photo. In a telephone interview, Trinidad said Wednesday Feb. 5, 2002, "From the beginning we said that Plan Colombia was a counterinsurgency plan. No one believed the story that it was a plan against drug trafficking. Now the mask has been taken off." Bush administration officials, who ended a three-day visit to Colombia on Wednesday, announced plans Tuesday to train and arm Colombian troops to protect a key oil pipeline. (AP Photo)
Earlier this month, the Bush administration announced it will ask Congress for $98 million in the 2003 budget to train, arm and provide air support for Colombian troops to defend the pipeline, which is jointly owned by the Occidental Petroleum Corp., with headquarters in Los Angeles, and the Colombian state oil company Ecopetrol.

The move marks a shift from previous U.S. policy of providing only military aid, which was reserved almost exclusively for anti-narcotics operations.

U.S. officials say training a battalion of 1,000 men to guard a petroleum pipeline is not part of the war on terrorism but rather an effort to preserve Colombia's economy, which derives about one-third of its export earnings from oil.

The pipeline is "important for the future of . . . our (U.S.) petroleum supplies and the confidence of our investors," said U.S. Ambassador Anne Patterson in a recent interview with the leading Bogota daily El Tiempo.

Critics, including community leaders in towns alongside the pipeline and the guerrillas, say the shift will intensify the conflict in Colombia's oil- rich northeast.

'Counterinsurgency Plan'

"Plans for the United States to train an infrastructure protection battalion will make the conflict in this region more acute," said Samuel Morales, president of the Unitary Workers' Confederation in the town of Saravena. "The infrastructure issue is a pretext and this is a clear counterinsurgency plan."

The pipeline began operation in 1986 and pumps around 110,000 barrels a day of crude oil from the Cano Limon field, operated by Occidental in Arauca province on the border with Venezuela, to the Caribbean coastal town of Covenas.

The 2-foot-diameter tube, buried for much of its length at depths of 6 feet, has been a favored target for Colombia's two largest leftist rebel forces, which accuse foreign multinational firms of "plundering" the nation's natural resources.

Rebels Target Pipeline

Last year, guerrillas blew up sections of the pipeline 170 times, putting it out of operation for 266 days. This year it has been bombed 15 times already. Since 1986, there have been more than 900 such incidents and a loss of some 2.5 million barrels of crude -- more than nine times the amount of the Exxon Valdez spill.

Although Cano Limon is an alternative source of oil for the United States, its total production hardly qualifies it to be considered strategically important.

In 2001, Colombia produced 600,000 barrels a day and its exports accounted for less than 2 percent of total U.S. oil needs. Even within Occidental's worldwide portfolio, the Cano Limon field comprises less than 5 percent of its global production.

But oil is essential to the health of Colombia's economy. The government estimated that last year's record bombing campaign against the pipeline shaved half a percentage point off the gross domestic product.

The Cuban-inspired National Liberation Army (ELN), the country's second- largest rebel force, began its offensive against the pipeline even before it was built, demanding multimillion-dollar payoffs to allow the project to be completed ahead of schedule.

More recently, the far larger Revolutionary Armed Forces of Colombia (FARC) has taken the lead in bombings, apparently in an effort to back its own hefty extortion demands.

"We have been told to bomb at will and keep the pipeline out of action," said a FARC fighter, who gave his name only as Javier, outside a town close to the pipeline.

Javier said he and his team, traveling on motorbikes or bicycles, plant 25- pound bombs made of dynamite and a fertilizer mixture -- a low-tech device that is cheap to produce but extremely effective.

In a 1993 document, the FARC leadership laid out its demands for state ownership and control of strategic economic sectors, including the oil industry, and asked that contracts with multinational companies be rescinded or renegotiated. The ELN maintains a similar stance.

FARC commanders have predictably condemned the new U.S. proposal.

"This is one of a series of measures to increase American involvement in Colombia's war," said Andres Paris, a member of the FARC negotiating team involved in peace talks with the government. "The best way of protecting oil is to develop and protect the state oil sector."

Former U.S. Ambassador Myles Frechette rejects such arguments. He believes Washington wants to broaden its focus beyond counter-narcotics to prop up the fragile central government, which has been unable to prevent the rebel armies from gaining control of about 40 percent of the country.

"It's not exactly counterinsurgency," he said. "But either with or without American help, Colombia must extend the authority and presence of the state."

Using troops to protect Colombia's energy infrastructure is nothing new. Between 10 percent and 15 percent of the army's total combat force is said to be deployed alongside oil pipelines and other key facilities.

Foreign oil companies, including Occidental and BP-Amoco, make regular contributions for their own protection through donations to the Finance Ministry that are then channeled to the military.

But as last year's surge in pipeline attacks demonstrates, their largesse has produced few results.

viking <img src="/images/graemlins/frown.gif" alt="" />

Joined: Oct 2003
Posts: 813
Parakeet
OP Offline
Parakeet
Joined: Oct 2003
Posts: 813
Timeline of Competition between Unocal and Bridas for the Afghanistan Pipeline

Visit:

http://www.worldpress.org/specials/pp/pipeline_timeline.htm

viking <img src="/images/graemlins/blush.gif" alt="" /> viking

Joined: Oct 2003
Posts: 813
Parakeet
OP Offline
Parakeet
Joined: Oct 2003
Posts: 813
The Oil Connection: Afghanistan and Caspian Sea oil pipeline routes


http://www.newhumanist.com/oil.html viking viking

Joined: Apr 2002
Posts: 6,577
Tiger
Offline
Tiger
Joined: Apr 2002
Posts: 6,577
John,

you seem to be a real expert about the oil business. Do you believe that the war for Iraq's main reason was oil?

Page 4 of 5 1 2 3 4 5

Link Copied to Clipboard
Brand New Posts
Inspiration Quote
by Angie - 05/24/25 09:20 AM
Psalm for the day
by Angie - 05/24/25 09:18 AM
New Review Posted - Inspector Lynley Mysteries
by Angela - Drama Movies - 05/23/25 09:12 PM
Sew Kid’s Playtime Activities
by Angie - 05/23/25 02:49 PM
What's in your closet?
by Angie - 05/20/25 08:44 AM
Avon
by Angie - 05/20/25 08:42 AM
My Latest Film Review - "Afloat" (2023)
by Angela - Drama Movies - 05/16/25 02:48 PM
Quick Summer Sewing Ideas
by Cheryl - Sewing Editor - 05/15/25 07:03 PM
Our Lady of Fatima
by Angie - 05/13/25 10:45 AM
Free For All: The Public Library - New Documentary
by Angela - Drama Movies - 05/08/25 11:03 PM
Sponsor
Safety
We take forum safety very seriously here at BellaOnline. Please be sure to read through our Forum Guidelines. Let us know if you have any questions or comments!
Privacy
This forum uses cookies to ensure smooth navigation from page to page of a thread. If you choose to register and provide your email, that email is solely used to get your password to you and updates on any topics you choose to watch. Nothing else. Ask with any questions!


| About BellaOnline | Privacy Policy | Advertising | Become an Editor |
Website copyright © 2022 Minerva WebWorks LLC. All rights reserved.


Powered by UBB.threads™ PHP Forum Software 7.7.5